Treadmill Ergometer Market is segmented by Type (Medical Type, Sports Type), Application (Home Consumers, Health Clubs / Gym, Hotel Gym, Medical Centers / Hospitals), and Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Treadmill Ergometer Market Growth Factors
There have been advanced technological developments in treadmill ergometer market, for instance, certain ergometers are able to read and report one’s blood pressure, heartbeat, oxygen uptake and such other vital information. These high-end technologies are in addition to, basic readings such as walk time, run time, calories burned, distance covered and speed.
Treadmill Ergometer Market size was estimated at $2,888.6 Million in 2021 and is expected to reach $4,064.5 Million by 2031, growing at a CAGR of 5.2% during the forecast period of 2022 to 2031.
Thus such advancement coupled with greater inclination towards workout, especially among the younger generation, healthcare centres, and homebound consumers who seek healthy living is the critical factors driving up the demand in the treadmill ergometer market.
Іn аddіtіоn, іnсrеаѕіng numbеr оf fіtnеѕѕ сlubs аnd gуms іn dеvеlоріng соuntrіеѕ are inculcating treadmills in their equipment base, which serves as аnоthеr kеу fасtоr accelerating the rise in the product mаrkеt. Неаlth clubs and gуmѕ currently ассоunt fоr а mајоrіtу ѕhаrе іn thе worlwide trеаdmіll ergоmеtеr mаrkеt. Тhus, the sроrtѕ market holds thе mајоrіtу chunk of demand аnd іѕ ехресtеd tо witness thе most grоwth оvеr the upcoming years.
Similar to the sports market the medical sector also holds a great deal of the product demand. Increasing incidence of numerous chronic diseases, cardiovascular disorders especially among middle-aged individuals, greater awareness about health risks added to the need for physical agility to stay fit are among major drivers expected to trigger market growth.
Studies in 2016 by the American Heart Association (AHA) show that around 43.2% of deaths caused in the US was due to cardiovascular diseases.
Ноwеvеr, expensive рrоduсtion соѕt, іnіtіаl іnѕtаllаtіоn соѕt аnd mаіntеnаnсе соѕt are certain theats ехресtеd tо restrain thе grоwth оf а trеаdmіll еrgоmеtеr mаrkеt. Furthermore, trеаdmіll еrgоmеtеr take up а lоt оf physical ѕрасе, аrе neither compact nor fоldаblе. Тhіѕ іѕ аnоthеr fасtоr considered tо hamper grоwth оf thе product mаrkеt tо some ехtеnt. Nevertheless, better logistics plus distribution though e-соmmеrсе operators coupled with increasing uѕеr рrеfеrеnсе fоr оnlіnе рrоduсt catalogue аnd ease of placing оrdеrѕ аrе luсrаtіvе орроrtunіtіеѕ expected to counter any critical threats.
Treadmill Ergometer Market Segmentation
Treadmill Ergometer Market Country Analysis
The global treadmill ergometer market stands at $5.96 billion in 2022 and is projected to reach $7.65 billion by 2023. With 41% of the global share, North America (the U.S. and Canada) is the biggest treadmill ergometer market. Consumers in this region understand the importance of fitness and a healthy lifestyle. Consequently, they are heavily investing in suitable fitness equipment. The Asia-Pacific region is projected to register the fastest CAGR in the forecast period due to the dramatic growth of the regional health and wellness sector, increased adoption of fitness activities, and increasing number of fitness clubs. Prominent companies in this market include BODYCRAFT, Medical GmbH, and ICON Health & Fitness.
Treadmill Ergometer Market Share and Competition
The top companies globally, that are majorly contributing in the Treadmill ergometer business, are Icon, BH, Johnson, Life Fitness, Technogym, Dyaco, Precor, Star Trac, Nautilus, Shuhua, Woodway, Yijian, Strength Master, True Fitness, Cybex, Enraf Nonius, SCIFIT. All these companies are major fitness solutions providers. The regions where a rising demand of the product, exists, are North America, Asia Pacific, and Europe and are being fulfilled by the companies like Icon, Life Fitness, Dyaco and Precor. The companies are also moving towards the regions of South America, Middle East and Africa, where the treadmill ergometer is on a rising verge. Icon, Life Fitness and Dyaco hold major shares in the industry and are thriving to keep up to the competition they set in to the market. Other companies are launching many new products with amazing technologies to compete with the giants in the business. Their efforts to rise up in the industry are noticeable to the competitors.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Medical Type
• Sports Type
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Home Consumers
• Health Clubs / Gym
• Hotel Gym
• Medical Centers / Hospitals
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Treadmill Ergometer Market Companies
• Life Fitness
• Star Trac
• Strength Master
• True Fitness
United States Treadmill Ergometer Industry Research Report
Europe Treadmill Ergometer Industry Research Report
Asia Pacific Treadmill Ergometer Industry Research Report
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